I’m not defending billionaires. I’ve never defended a billionaire. I’m pushing back on the idea that a billionaire is the same as a regular person but they have a billion dollars in their bank account and they can just give the money away with no consequences. It’s almost never like that!
So like let’s say you owned a company with 10,000 employees and your company was worth over a billion dollars. Congratulations you’re a billionaire! But if you’re gonna give away a billion dollars that means selling off the company and those 10,000 people losing their jobs! Or you’re selling the company as a whole and the new owner is a billionaire who is responsible for those employees.
Other suggestions I’ve heard are things like having the government take over the business, like that worked so well in the Soviet Union! Great way to create another Putin!
So do you have any suggestions for what to do with a billion dollar company without tearing it down, selling it off, or handing it over to the government?